TRENT Q2 Results 2024: The company has announced its quarterly results on the exchange. Profit has increased on an annual basis. Profit has increased by 45.8% to Rs 423 crore in the July-September quarter of the financial year 2024-25 as compared to the July-September quarter of the financial year 2023-24. A year ago, the profit was Rs 290 crore. The market was expecting the profit to increase to Rs 400 crore.
TRENT stock crashes after quarterly results- The stock opened at Rs 6,999 against the closing price of Rs 6,955.45 on Thursday. After this, the stock fell below Rs 6,580.
TRENT Q2 quarterly results released- Revenue has increased by 39.40% to Rs 4,036 crore in the July-September quarter of the financial year 2024-25 as compared to the July-September quarter of the financial year 2023-24. A year ago the revenue was Rs 2,891 crore. The market had expected the revenue to increase to Rs 4,280 crore. EBITDA i.e. operating profit has increased from Rs 461 crore to Rs 694 crore. The market had expected it to increase to Rs 694 crore. EBITDA margin has increased from 15.9% to 16.2%. This is in line with the market. What else did TRENT say- The company said that 43 stores have been opened during Q2. Fashion store portfolio has grown to 831. 34 new ZUDIO stores opened during Q2. Total ZUDIO stores have grown to 577. Trent stock performance - 11% down in one month. But the stock has given a return of 170% in one year and 500% in three years.
--Advertisement--